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- FXSurf replied Sep 6, 2011
Stops and TP — Big E suggests stops just beyond the most recent high/low. Just look back a few candles where it turned and you can place your stop just beyond that. TP is subjective. I like slighly larger TP than stops. (-20 stop and I go +25 ...
Trading Made Simple
- FXSurf replied Sep 6, 2011
Times — Purger, I'm on the east coast too and am experimenting with setting an hourly alarm at 3am/4am/5am/6am to catch the hourly moves. Sounds like it would suck, but so far I'm just taking a minute to check, then getting right back to sleep ...
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- FXSurf replied Sep 6, 2011
Thanks again for that and I'll try working with the two positions, setting one to break even when profit target has been hit. Why not. Looks like it has that chance to run. Wish I had done that overnight on the hourly. As it was, I had a ...
Trading Made Simple
- FXSurf replied Sep 6, 2011
15 Minute — Thanks for that Chris. I've started to trade the Hourly instead of 4hr because of the potential drawdowns in stop distance. Im USA so must set the alarm for each hourly update during first half of London session. Seems to work OK ...
Trading Made Simple
- FXSurf replied Sep 6, 2011
15 Minute — Good job Chris. I've only been trading the 4HR and Hourly with this method, but from what I have heard the 15m is also a good timeframe. Thanks for the charts. Do you trade any specific times?
Trading Made Simple
- FXSurf replied Sep 6, 2011
Simultaneous Setups — Set the alarm for 3am (EST) and had to rub my eyes...all charts looking the same and all showing entries. Now what? I went with one with a lower stop-loss (recent HH or LL) and put on a trade. I'm thinking, what if I take ...
Trading Made Simple
- FXSurf replied Aug 30, 2011
Bit of a Drawdown — Overnight I missed those nice drops on the EU and GU because the 1am EST check was just a tiny candle with no cross yet. By 5am it appeared to me they had gone to far so I looked to others. Found a nice looking short on the ...
Trading Made Simple
- FXSurf replied Aug 29, 2011
Keeping it Real — You have a point. I'm new to trading this method following the rules of entry and exit as close as possible which is "Exit your trade when the TDI goes flat, starts to hook over or makes a check mark reversal". I have been ...
Trading Made Simple
- FXSurf replied Aug 29, 2011
Monday's Trading — Overnight I found no legit setups on the 4hr (1am/5am EST) simply by the lack of any fresh new color changes on any of my pairs. I find that this is a good starting point when scouting for a trade (for me) in that if there ...
Trading Made Simple
- FXSurf replied Aug 29, 2011
Break Even Trades — Did an exhaustive look back over the weekend, discovered many, many valid entries hit neither stop or limit, but rather give or take a few pips by the time the trade is closed either by the session ending or a reversal. Of ...
Trading Made Simple
- FXSurf replied Aug 27, 2011
50:1 Leverage should be plenty. With this method, you shouldn't really have more than a few trades on a one time, and with keeping your stops well below 5% of the account value there shouldn't be any issues. 500:1 just sounds like trouble. ...I can ...
Trading Made Simple
- FXSurf replied Aug 26, 2011
Pip Profitable — I made pips this week trading the 4hr at 1am and 5am EST and closing the positions at 8am (before news) Then trading the hourly at 9am, 10am, & 11am and closing any of those open positions at noon. Only traded Mon, Tues, Wed ...
Trading Made Simple
- FXSurf replied Aug 24, 2011
Number of Trades — Brettboz, I agree. Will not pass on a good setup. Just liked the reasurance that a few good ones can have the ability to fill the coffers just fine. But give me a number of great setups and I'll take 'em...
Trading Made Simple
- FXSurf replied Aug 24, 2011
Hourly CHF Entry — The USD/CHF was on my watchlist at 9am. Didn't enter simply because the TDI had not crossed. Look at it now. That TDI is the Deity.
Trading Made Simple
- FXSurf replied Aug 24, 2011
Trading Week — Thanks Dean, you are so right. In his PDF dcginc posts : "3-5 trades per week are plenty for me. 6-10 is a busy week. You can make a great living with just a few good trades a week..." I found that quote very inspiring and ...
Trading Made Simple
- FXSurf replied Aug 24, 2011
AUD Trade — . I got into that trade at the 1am EST candle and closed it out this morning as a break-even trade. I believe that your (our) setup was valid. I didn't like that by the next 4hr candle (5am EST) it still hadn't done anything, but ...
Trading Made Simple
- FXSurf replied Aug 24, 2011
London 4Hr — Nothing doing on the 4hr overninght. A/U short stalled at 1am EST and U/CF did the same at 5am. Break even both.
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- FXSurf replied Aug 23, 2011
Todays Trades — Overnight on the 4hr didn't do much for me. The CHF was the best looker at 1am EST and on the 5am check it was +10. Closed at 8am +5. It looks like the action was on the Hourly during the dark of the night - missed it. But the ...
Trading Made Simple
- FXSurf replied Aug 22, 2011
Your 20 &21 — Those were my two trades as well at 10am EST. Nothing on the CAD but just made some quick pips on that EUR drop.
Trading Made Simple
- FXSurf replied Aug 22, 2011
Swing Trades — Dcginc, Thanks for personal reply. Your PDF is beautiful and I have learned a lot from it. Probably the best take-away was to just look for the best trades and pass on the rest. I will take your advice and trade BigE as is. I ...
Trading Made Simple